It turns out that AR is something that technology is really good at. Sorting through hundreds or thousands of invoices, and matching up data is a something of a speciality of computers – so why not let them do all the hard work for you?
Unless you only have a handful of clients, it’s probably not practical to build a truly personal relationship with each of them. That’s where data – and software designed to cope with large amounts of it – comes in handy.
An ambitious credit manager wants to achieve maximum results – results that are made visible through a number of measurements and metrics. Daily measurements from your credit management environment, showing the financial health of your receivables portfolio.
Whether you’re setting goals in your personal life, or in a credit management function, it’s very important to track progress. Check out five reasons why goal setting can lead to better performance.
When it comes to choosing the software you use in credit management, it’s good to remember that there aren’t really many “bad” tools. But there are lots of “wrong” tools. Check out which one is right for you!
When it comes to keeping your credit management and IT functions connected and running smoothly, there are benefits to both on-premises and hosted solutions. Read on and discover what you should think about when you need to make the choice.
It has long been prophesised that one day robots will render human labour obsolete. However, rather than plunging society into the unknown of universal unemployment, artificial intelligence has the potential to revolutionise business while working alongside humans.
This is because technology lacks one vital possession that means it can never replace humans entirely: a heart.
There are quick fixes and long-term solutions. Both options have their place and the right choice depends on what you need. Automating with the right tools will transform your SSC from a transactional hub to a place that adds serious value back to the board fast and will keep doing so in the long-term. So you don’t have to make that decision.